Teaching Kids About Money, Part 3

I am/was a musician, so the next story from Yahoo’s feature was of particular interest to me: The cost of raising a rock star. I never wanted to be a rock star; I was more interested in teaching music. But the article lightly touches on the importance of encouraging the study of arts. Here is the reality of being a musician:

According to the Bureau of Labor Statistics’ Occupational Outlook Handbook, competition will remain keen and job growth will be slower than average, 3 percent to 9 percent, for self-employed musicians through 2012. Even if you land a steady gig, the median annual earnings of salaried musicians and singers remains in the mid-$30,000 range. Statistically, of the roughly 215,000 professional musicians out there, four in 10 will work day jobs to support themselves.

The article offers advice for aspiring musicians to learn as much about the music business and branch out as much as possible. Learn about contracts and ownership rights, learn about arranging, editing, educating, and possibly music therapy. The more versatile you are, the less worried you’ll be about making the next rent payment.

For those of us musicians who aren’t ultimately in music-related fields, it’s likely the training in music brought out skills and talents applicable in many different aspects of our lives and careers.

Content on Consumerism Commentary is for entertainment purposes only. Rates and offers from advertisers shown on this website may change without notice; please visit referenced sites for current information. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.

Advertiser Disclosure: Many of the savings offers
appearing on this site are from advertisers from which this website receives compensation for being listed here.
This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.Editorial Disclosure: This content is not provided or commissioned by the bank advertiser.
Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.UGC Disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.